Word: ra
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Dates: during 1980-1989
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...notes, opera librettos) similar to those of regular records. Already there are more than 800 titles available in the U.S. and even more in Europe and Japan. Among the best: Bizet: Carmen (Agnes Baltsa as Carmen, José Carreras as Don José, Berlin Philharmonic and Paris Opéra Chorus, Herbert von Karajan, conductor; Deutsche Grammophon; 3 CDs). Karajan's earlier Carmen, with Leontyne Price and Franco Corelli, was a full-throated spectacular in the grand-opera tradition. This one, 19 years later, reflects his current preference for smaller voices in an almost chamber-like setting. Baltsa...
...military abstinence three years ago, when the Sandinistas began drawing closer to Cuba and the Soviet Union. At that point the government accepted $30,000 from the U.S. to send local guards to be trained in Panama, and allowed Washington to sup ply the nation with boots, tents, Jeeps, ra dios and even some low-key training. Last year the U.S. offered to rebuild a main road through the dense jungle in northern Costa Rica...
...meeting, the Latin American countries do not form a united and cohesive bloc. While the two heaviest debtors, Brazil ($93.1 billion) and Mexico ($89.8 billion), have taken drastic measures to rein in their runaway economies, Argentina ($45.3 billion) is still a maverick. Two weeks ago, Argentine President Raúl Alfonsín rejected an IMF austerity demand for cuts in wages and government spending, which was designed to curb his country's 568% inflation rate. Alfonsín sent the IMF a plan that promised workers 6% to 8% wage increases on top of the inflation rate...
...subjects infuriate Argentine President Raúl Alfonsín more than what happened to the billions of dollars his country borrowed in the late '70s. Says he: "The foreign debt's most irritating feature for the Argentines is that the money was not converted into the expansion of the economy and the creation of capital. Quite the contrary." That caustic observation could apply to nearly every Latin American country. Although their debt load has quadrupled since 1973 to $350 billion, the borrowers have tragically little to show...
...money, but fear the consequences of borrowing it. Argentina, for example, desperately needs $2.1 billion in IMF credits. But in return for the money, the fund insists on a range of tightfisted economic policies that could shatter the country's brittle new democracy. Two weeks ago, Argentine President Raúl Alfonsín bypassed fund negotiators and appealed directly to IMF Managing Director Jacques de Larosière for more lenient terms. Yet neither Alfonsín nor any other leader can simply defy the fund. Its seal of approval is the key to vital commercial credit...